FRP Holdings, Inc. (FRPH) has reported a 20.71 percent fall in profit for the quarter ended Mar. 31, 2017. The company has earned $1.44 million, or $0.14 a share in the quarter, compared with $1.82 million, or $0.18 a share for the same period last year.
Revenue during the quarter dropped 3.05 percent to $9.32 million from $9.62 million in the previous year period.
Total expenses were $5.92 million for the quarter, down 3.08 percent or $0.19 million from year-ago period. Operating margin for the quarter expanded 2 basis points over the previous year period to 36.52 percent.
Operating income for the quarter was $3.40 million, compared with $3.51 million in the previous year period.
Revenue from real estate activities during the quarter declined 3.51 percent or $0.28 million to $7.58 million.
Income from operating leases during the quarter rose 3.19 percent or $0.19 million to $6.28 million. Revenue from tenant reimbursements was $1.30 million for the quarter, down 26.55 percent or $0.47 million from year-ago period.
Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: [email protected]